The Confederation of All India Traders (CAIT) in association with META, owners of Facebook, Instagram and WhatsApp, is conducting a national drive to train the business community of the country to make optimum usage of social media for business purposes thereby promoting social commerce in India. The current yearly turnover of social commerce is 8 […]
India’s UltraTech Cement said on Thursday it will buy the cement business of Kesoram Industries (KSRM.NS) in an all-stock deal valued at Rs 5,379 crore, in a move to add heft to its hold in the southern part of the country. As a part of the deal, UltraTech will issue one share for every 52 […]
Radhakishan Damani, the man behind D-Mart, has secured the top spot on the list of self-made entrepreneurs, according to a recent announcement by Hurun, Damani took the top spot with a market capitalisation of Rs 2,38,188 crore. “The company’s success can be attributed to its focus on efficient operations, low-cost business model, and strong customer […]
In a significant market development, gold prices soared to a six-month high on Wednesday, propelled by a weakening US dollar and growing expectations of an impending reduction in the key policy rates by the US Federal Reserve. Spot gold saw a notable surge, trading at USD 2,041.55 per ounce, reflecting a 1.4 per cent increase […]
Amid issues such as debt and delayed payments faced by micro, small and medium enterprises (MSMEs), Godrej Capital Nirmaan has partnered with DBS Bank India, Visa, and Amazon to boost MSME growth in India. The company in a press statement stated that these collaborations are designed to aid MSMEs, offering a diverse array of value-added […]
On Thursday, Whirlpool Corp revealed its plan to divest up to 24 per cent of its ownership interest in Whirlpool of India in 2024, aiming to alleviate debt levels. The company, not disclosing the deal value, assured that the sale would not impact its previously provided full-year forecast, as detailed in a filing. Whirlpool of […]
Hours after the Union Finance Ministry stated that the Indian economy grew 7.6 per cent during the July-September quarter of the current financial year 2023-24, it said that India’s GDP is expected to grow by 6.5 per cent in financial year 2024. Growth projections for Financial Year 2024 indicate that India will grow by 6.5 […]
The Indian economy grew 7.6 per cent during the July-September quarter of the current financial year 2023-24, remaining the fastest-growing major economy. India’s GDP growth for the April-June quarter grew 7.8 per cent. Real GDP or GDP at Constant (2011-12) Prices in Q2 2023-24 is estimated to attain a level of Rs 41.74 lakh crore, […]
Scuzo Ice ‘O’ Magic, a live popsicle concept and dessert café, has appointed R.P. Mishra, as its new chief executive officer (CEO). R.P. Mishra, a distinguished BCA graduate and a Microsoft Certified Professional, boasts an illustrious career spanning over two decades within the Information Technology (IT) sector, with a particular focus on the Quick Service […]
The global shopping phenomenon, Black Friday, continues to make waves in India. Unicommerce, an ecommerce enablement SaaS platforms, based on the orders processed on its platform, conducted an analysis of the Black Friday weekend, revealing a sharp 23 per cent increase in ecommerce order volumes as compared to the Black Friday sale weekend of 2022. […]
